Bank of Montreal Can lowered its holdings in shares of DCT Industrial Trust Inc (NYSE:DCT) by 86.9% in the second quarter, HoldingsChannel.com reports. The firm owned 17,594 shares of the real estate investment trust’s stock after selling 116,412 shares during the quarter. Bank of Montreal Can’s holdings in DCT Industrial Trust were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in DCT Industrial Trust by 9.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,772,524 shares of the real estate investment trust’s stock worth $99,864,000 after purchasing an additional 153,125 shares during the period. Kempen Capital Management N.V. boosted its stake in DCT Industrial Trust by 73.9% during the 1st quarter. Kempen Capital Management N.V. now owns 214,705 shares of the real estate investment trust’s stock worth $12,097,000 after purchasing an additional 91,209 shares during the period. LPL Financial LLC boosted its stake in DCT Industrial Trust by 102.4% during the 1st quarter. LPL Financial LLC now owns 23,484 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 11,881 shares during the period. Dimensional Fund Advisors LP boosted its stake in DCT Industrial Trust by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,436,812 shares of the real estate investment trust’s stock worth $80,950,000 after purchasing an additional 5,148 shares during the period. Finally, Forward Management LLC acquired a new stake in DCT Industrial Trust during the 1st quarter worth $964,000. Hedge funds and other institutional investors own 94.55% of the company’s stock.

DCT has been the subject of a number of recent research reports. Wells Fargo & Co cut shares of DCT Industrial Trust from an “outperform” rating to a “market perform” rating and set a $67.00 price target for the company. in a research note on Monday, May 14th. Zacks Investment Research downgraded shares of DCT Industrial Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. BMO Capital Markets restated a “hold” rating and set a $66.00 price objective on shares of DCT Industrial Trust in a research report on Thursday, August 2nd. Finally, Citigroup upped their price objective on shares of DCT Industrial Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.10.

Shares of DCT Industrial Trust stock opened at $68.69 on Friday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 6.37 and a beta of 0.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.85. DCT Industrial Trust Inc has a one year low of $52.58 and a one year high of $68.78.

DCT Industrial Trust (NYSE:DCT) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.39). The firm had revenue of $109.78 million for the quarter, compared to analysts’ expectations of $110.02 million. DCT Industrial Trust had a return on equity of 5.90% and a net margin of 27.54%. equities research analysts forecast that DCT Industrial Trust Inc will post 2.58 earnings per share for the current year.

DCT Industrial Trust Profile

DCT Industrial is a leading logistics real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the United States. DCT's actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics.

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Institutional Ownership by Quarter for DCT Industrial Trust (NYSE:DCT)

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